Day: July 9, 2020
Related Posts
The Plunge in Chinese Overseas Lending is a Big Deal. It’s a REALLY Big Deal.
Recent findings by Boston University's Global Development Policy Center that China's two largest policy banks, China Exim Bank and the China Development Bank, sharply curtailed their lending from $75 billion in 2016 to just $4 billion, was a stunning surprise. Long ...
Related Posts
New Database Provides Fresh Insights Into Chinese Lending Practices Around the World
Yesterday's Financial Times headline that "China's overseas lending collapses" dominated the news about Boston University's pioneering new database that tracks lending by two of China's largest policy banks, China Exim Bank and the China Development Bank.
Reaction to New Data That Reveals “Chinese Overseas Lending Collapse”
Findings from Boston University's new database on Chinese development finance patterns that revealed a "collapse" of overseas lending sparked a lot of conversation online yesterday from leading development economists in the U.S. and Europe. The general consensus among the experts was ...
Peking University Professor: Chinese Loan Losses in Asia and Africa Reinforce Painful Lessons Learned in Venezuela
The following is a transcript of a nine-part Twitter thread posted by the prominent China economist Michael Pettis, a professor at Peking University. As I have been writing since 2011, China’s development lending was always likely to follow the ...
China Strikes Financing Deal With Iraq, Providing New Clue to How Beijing Deals With Major Oil Supplying Countries
The Chinese government is reportedly coming to the rescue of the financially stressed Iraqi government with a $2 billion cash payment for a year's worth of oil at current market prices. The five-year agreement, as reported by Bloomberg, provides fresh insights into how China ...
Fishermen conduct abalone management and protection operations at sea in the waters of Xiaocheng Town, Lianjiang County, Fuzhou City, Fujian Province, China, on March 14, 2026. (Photo by Costfoto/NurPhoto) (Photo by CFOTO / NurPhoto / NurPhoto via AFP)
"China's financial commitments are simply more tangible and easier to grasp than those of Europe," one delegate from an island state remarked to me on a bright spring day in late March, as we both gazed out at the East River from the United Nations Headquarters. Behind us, in airless ...
Q&A: Is China Helping or Hindering Africa’s Efforts to Future-proof Food Security?
How to ensure food security on the African continent is a major question for African policy makers, businesses and the international community. A recent report by Mckinsey highlighted that 650–670 million people in Africa, roughly half the population, already face food insecurity with more than 250 ...